Archiv | Januar 2021

He succeeds in the crypto trade of a lifetime: + 81,000% in Ethereum (ETH) in a few clicks!

SushiSwap is back – It’s been a while since we last talked about a bug exploit , those exploitations of loopholes that are unfortunately too often found in decentralized finance (DeFi). The scandal of the day happened via the decentralized exchange pools of DEX SushiSwap.

How to convert 0.001 ETH to 81.68 ETH

As crypto-media Rekt explains , a hacker discovered and exploited a loophole in a low-cash pool on SushiSwap .

It is more precisely the pool concerning the DIGG token of the Badger DAO project . The hacker thus managed to appropriate all the transaction costs generated during 24 hours by these transactions. Costs that all liquidity providers in the pool would normally have had to share among themselves.

Using only 0.001 ether (or $ 1.31), the pirate managed to embezzle 81.68 ethers for his own account , a breakage of just over $ 107,000 at the current price!

As we can see in the transaction in question below, the individual transformed his small initial bet into ether into DIGG token , then into Wrapped BTC (WBTC, the tokenized version on ETH of BTC), before recovering his Theft in Wrapped ETH .

A “little” warning for SushiSwap’s billions in cash?

Rekt explains that this was an old flaw , however, and for which a fix had already been developed.

The problem is that this fix had to be „manually applied to each new pool“ , and obviously the DIGG / WBTC pool we are talking about today did not receive this fix on time.

But the situation could have been much more dramatic according to Rekt:

“Upon further research, we discovered that while there was this exploit, the damage was contained, and what had been seen as a threat to the entire SushiSwap protocol was simply there. work of a clever scavenger who collected crumbs still available. „

The conversation the Rekt team had on Discord with SushiSwap was not reassuring. They claim that they do not automate the application of the fix. Thus, the risk of forgetting is very present.

Dieser Beitrag wurde am 28. Januar 2021 in Bitcoin veröffentlicht.

Prophecy: Bitcoin at $ 115,000 – Who says better?

Everyone gets started! – With the new start of euphoria in its latest bull market, Bitcoin (BTC) is entitled to an even higher frequency of price predictions than usual. After the (interested) announcement of actress Lindsay Lohann a few days ago, today the most serious hedge fund Pantera Capital is ready to play.

Previous Pantera Capital Predictions Were Right

In a letter to its investors published on January 16, the hedge funds Pantera Capital recalls that Bitcoin prices for the moment respect its model presented in April-May 2020.

This model, strongly inspired by the Stock-to-Flow (or S2F) of precious metals, is centered on the phenomenon of halving in The News Spy ecosystem. This process takes place approximately every 4 years – every 210,000 blocks of transactions validated to be precise – and consists of halving the reward that is given to minors when they validate a block.

The experts of Pantera Capital thus estimated that, according to this model:

“(…) The market bottom typically occurs 1.3 years before the halving and, on average, the market peaks 1.2 years after. Or a cycle of about 2 and a half years. “

Thus, if the model were correct, we would still be a long way from the market high of the current cycle. This new price record should thus be done „in August 2021“ according to hedge fund analysts .

The latter thus estimate the price of a single bitcoin at 115,212 dollars for this summer 2021.

Will the shortage of supply lead the king of cryptos to its new high?

The driving force behind this potential dramatic rise in prices, announced by the hedge fund, would be driven by the combination of the drop in production of the number of bitcoins per block with significant pressure on its demand .

Regarding the drop in production, it is certain and has already been recorded since May 2020. Indeed, with the last halving to date , it is no longer 12.5 bitcoins but only 6.25 BTC which are produced for each new mined block (around all every 10 minutes).

As for the shortage between supply and demand , although the buying pressure on bitcoins was very strong at the end of 2020 – between funds like Grayscale or companies like MicroStrategy – the first signs of out of stock have just been made. surface and still seem far from having been “priced” (taken into account) by the market.

In the meantime, even without this, Pantera Capital’s Bitcoin Fund has performed very well in 2020. The fund has indeed registered a nice + 299% .

Dieser Beitrag wurde am 19. Januar 2021 in Bitcoin veröffentlicht.

Bitcoin exchange rate strives for stability

Bitcoin Trading, Crypto Trading, Trading

For weeks, the Bitcoin price has only known one direction. There have been no extended breathers for the bulls. And where have the bears gone? Is it still possible to invest in Bitcoin now or will the price soon slide further down again? This will be presented from a technical perspective using a weekly, daily and 4-hour view.

Opportunity to invest now?
For long-term investors, the focus is certainly on the larger time units. Higher time units always have relevance in the deeper time levels. Therefore, let’s now take a look at the weekly chart of the Bitcoin price.

The bears have done it! The current weekly candle is closed bearish. This means that the closing price is lower than the opening price. No bearish candle has been marked since the old all time high of 2017 was crossed. The bulls marched completely up and brutally trampled every bear. But will this continue? In our last report, we already pointed out the support zones for the weekly range.

The Relative Strength Index, an indicator of buying power (pictured below), has been in extremely expensive territory for weeks. Looking at the past in the Bitcoin price, this is currently the longest range in this expensive area. It is now extremely important for the bulls to take a break and recharge their batteries. This can be done either by a longer sideways phase or a downward price correction. Let’s therefore take a look at the daily chart to see if a trend can already be seen there.

Bitcoin price

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These support levels must hold for the Bitcoin price!
What strikes you immediately are the four bearish candles right after the all time high at around $42,000. Only the small support zone of $32,275 to $34,000 was able to provide support for the Bitcoin price. This week, the price did not manage to exceed the previous high. However, no further lows have been set at present.

A break of the support zone just mentioned should only find further buying power in the area of the lower two daily key levels. This zone stretches from about $22,800 to about $23,850 on Coinbase. The Moving Average 200 (black ascending line), an indicator that reflects the long-term trend, would also have reached this support zone in the event of a renewed sell-off of the Bitcoin price. This indicator is seen by many traders as a strong support.

In order to continue rising, the current high must be overcome sustainably. However, it seems that the bulls are currently taking a break. Whether this will be used and the Bitcoin price will continue to rise or whether the bears will take over remains to be seen.

Bitcoin price

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Bitcoin price in no man’s land of decisions!
Looking at the 4-hour chart, one thing stands out: Something is happening, but nothing is really happening. Bulls and bears are joining hands, but neither of the two factions really wants to start something. The current sideways movement will have to be sat out. It is still too early for good entries.

As soon as a stable trend develops again, one can look for entries. It does not matter to traders whether the Bitcoin price rises or falls. With patience and the right setup, good short- and long-term profits can be achieved.

Dieser Beitrag wurde am 18. Januar 2021 in Bitcoin veröffentlicht.

Vigilancia del mercado: Bitcoin reclama 18.000 dólares, Ripple cae un 6% tras la instantánea de Spark Airdrop

El mercado criptográfico se ha puesto en verde el sábado, ya que Bitcoin comercia al norte de 18.000 dólares. El XRP se hundió un 6% después de la instantánea del lanzamiento aéreo de Spark

Después de otra caída a 17.600 dólares, Bitcoin Trader ha rebotado y ha recuperado el nivel de 18.000 dólares. La mayoría de las monedas alternativas también han tomado un respiro, y la capitalización del mercado ha ganado unos 20.000 millones de dólares desde el fondo de ayer.

Bitcoin reclama 18.000 dólares

La criptografía primaria comenzó a disminuir gradualmente en valor al comienzo de la semana. Después de unos días consecutivos de comercio en el rojo, la moneda de bits se redujo aún más a 17.600 dólares.

A pesar de rebotar inicialmente, BTC no se recuperó completamente en los días siguientes. Esto resultó en otra caída, esta vez a unos 17.500 dólares (en Bistamp) – un nuevo mínimo más bajo.

La recuperación no tardó en llegar ya que la criptocracia primaria se negó a mantenerse baja e inició un ascenso poco después. En primer lugar, BTC superó los 18.000 dólares antes de subir a su precio actual de unos 18.350 dólares.

Los indicadores técnicos sugieren que Bitcoin tiene que superar las líneas de resistencia de 18.500 y 18.800 dólares para reanudar su corrida de finales de 2020 y desafiar el codiciado nivel de 19.000 dólares.

Alternativamente, las áreas de apoyo de 18.000, 17.260 y 17.000 dólares podrían ayudar en caso de que BTC se dirija al sur una vez más.

Altcoins en verde: A pesar de Ripple

Durante las caídas de precios de la semana pasada, las monedas alternativas sufrieron aún más que Bitcoin, y la capitalización total del mercado perdió 50.000 millones de dólares en menos de siete días.

Sin embargo, la mayoría de las monedas alternativas han rebotado en los fondos de ayer, al igual que Bitcoin. El etéreo ha aumentado un 4% en una escala de 24 horas y se ha acercado a los 560 dólares.

Bitcoin Cash (4%) se negocia por encima de los 265$, Binance Coin (4,3%), se acerca a los 28$, Chainlink (5%) ha subido al norte de los 12$, y Polkadot (4%) está en 4,8$. Cardano y Litecoin son los que más han ganado de los diez primeros (7%) y se sitúan en 0,146 y 75 dólares, respectivamente.

Ripple es la única ficha entre las diez primeras en rojo con un descenso del 6%, como otro caso clásico de „vender la noticia“ tras la instantánea del lanzamiento aéreo de Spark (FLR), que tuvo lugar hace horas, el 12 de diciembre, a las 00:00 UTC.

NEM y Monero son los que más han ganado desde ayer con aumentos de dos dígitos. Como resultado, el XEM está cerca de los 0,24 dólares, mientras que el XMR se ha acercado a los 150 dólares.

Le siguen Verge (9%), Decred (9%), Waves (8%), Dash (8%) y Aave (7%). En última instancia, la capitalización total del mercado ha añadido 20.000 millones de dólares en un día y actualmente muestra 541.000 millones de dólares.

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